154: Specialty Mortgage Loan Products (After 10 Properties) with Ridge Lending Group’s Caeli Ridge

Specialty Mortgage Loan Products (After 10 Properties) with Ridge Lending Group’s Caeli Ridge

by Keith Weinhold | Get Rich Education

After you have 10 financed residential properties and you want more, we discuss your options. These Specialty Loan Products are exciting. Example: 25% down, 5.9% interest rate today, 30-year amortization. We learn this today from Ridge Lending Group President and CEO Caeli Ridge after she first reviews qualification criteria for the first 10. I also discuss a simple way for you to increase your Cash-On-Cash Return with no extra money out of your pocket. We discuss what’s changed with qualification requirements for your debt-to-income ratio, reserves, LLCs, liquidity, cash-out refinance limits and more. I bring you today’s show from San Jose, Costa Rica. Want more wealth? 1) Grab my free newsletter at: GetRichEducation.com 2) For actionable turnkey real estate investing opportunities: GREturnkey.com 3) Read my new, best-selling book: GetRichEducation.com/Book Listen to this week’s show and learn:

01:17 How to increase your Cash-On-Cash Return.
03:42 High closing cost states: TX, FL, northeastern states. Low closing costs: MO, IN, AZ, AL.
07:11 Conventional loans: DTI 50% max., LLC change, liquidity, reserves.
15:14 Interest rates.
17:02 Cash-out refinance limits.
21:50 Specialty Loan Products (beyond 10 financed properties): 25% down, 30-year fixed amortization, 5.9% interest rate today (wow!), no limit to the number of properties, discount points.
27:18 Foreign buyers: 7.99% rate today, 5-year ARM, 30-year amortization.
29:03 Your tax return.
30:31 Today’s lending environment.
32:43 RidgeLendingGroup.com specializes in your income property loan qualification.

Resources Mentioned >

Enjoy the podcast? Subscribe here!
iTunes Spreaker iHeartRadio Android  PocketCast SoundCloud

gre-book

GET MY FREE EBOOK

7 Money Myths That Are Killing Your Wealth Potential (2017)

Check Your E-Mail For The Book.

Shares
Share This